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☆ China has vowed to save its crashing stock market, but investors are just not convinced
▼ + stars: | 2024-02-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewChina's stock market watchdog upped its game over the weekend after its brutal week of selloff, vowing to prevent "abnormal market fluctuations" — but stock market investors don't seem quite convinced. These continued gyrations in China and Hong Kong's stock markets have widened losses that are now totaling $7 trillion following an extended market meltdown since their peaks in 2021, as foreign investors beeline for the exit. Still, Beijing's frequent pronouncements on market stabilization may not be a bad thing. Advertisement"The frequency of these statements may indicate market stabilization is becoming more important for policymakers," wrote analysts at Dutch bank ING wrote on Monday. "Formalization of a potential market stabilization fund could provide a short-term boost for markets but investor sentiment remains downbeat for now, awaiting improvement in fundamentals," the ING analysts added.

Persons: —, selloff, Vishnu Varathan, Nomura Organizations: Service, China Securities Regulatory Commission, Business, Asia Asia, Mizuho Bank, Nomura, ING, Bloomberg Locations: China, Asia, Japan, Shanghai, Hong, Beijing

☆ L'Oreal tells workers to come to the office on Fridays twice a month
▼ + stars: | 2024-02-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

L'Oreal wants staff globally to work in the office on Fridays at least twice a month. The beauty company currently requires employees to work in the office three days a week. AdvertisementCosmetics giant L'Oreal has told employees to come to the office at least two Fridays a month to tackle diminishing attendance at the end of the week, The Times reported Sunday . L'Oreal employees are currently expected to be in the office three days a week. The company's CEO Nicolas Hieronimus recently reaffirmed the company's firm stance on in-person working while speaking at the World Economic Forum in Davos last month.

Persons: —, Rinderknech, Nicolas Hieronimus Organizations: L'Oreal, Service, Times, Business, Economic, LinkedIn Locations: Davos

☆ A millennial who moved from Canada to Florida said the weather and housing are great — but the politics and healthcare could push them out
▼ + stars: | 2024-02-01 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

AdvertisementThey decided to buy a home in the Fort Lauderdale area, and by that August, they'd said goodbye to Toronto. Warm weather, more affordable housing , and the lack of a state income tax are among the perks drawing movers to Florida. AdvertisementFlorida has warm weather, cheaper housing, and is good for businessFreudman said the weather is the biggest edge Florida has over Canada. The typical Toronto home costs about $816,000 compared to $784,000 in Fort Lauderdale, and it's even cheaper in Wilton Manors, the Fort Lauderdale "suburb" where the couple technically resides. He said other pros of the Fort Lauderdale area include the fresh seafood, the safe community, and the accessibility to Miami.

Persons: —, Joel Freudman, Freudman, they'd, Eva don't, he's, Donald Trump Organizations: Service, Sunshine State, Business, Sunshine, Economic, Fort Locations: Florida, Toronto, Fort Lauderdale, Canada, South Florida, Wilton Manors, Miami

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was “impacting everyone and something we’re very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was “only mildly impacted by the transit challenges in the Red Sea."

Persons: What’s, Ryan Petersen, Petersen, It’s, Clifton Broumand, Broumand, —, ”, “, it’s, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, it's, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti, ____ Anderson, Kelvin Chan, Anne D'Innocenzio, Yuri Kageyama, Tom Krisher, David McHugh Organizations: WASHINGTON, —, Hamas, Machine, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer, Free People, AP Business Locations: Belgium, Germany, British, Maryland, Asia, Ukraine, Yemen, Gaza, Europe, United States, Suez, Africa, “, Panama, Greater Landover , Maryland, Taiwan, China, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India, New York, London, Tokyo, Detroit, Frankfurt

☆ Attacks on ships in the Red Sea are disrupting global trade. Here’s how it could affect what you buy
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +8 min

Attacks on ships in the Red Sea are delivering another shock to global trade, coming on top of pandemic-related logjams at ports and Russia's invasion of Ukraine. The normal route — three weeks via the Suez Canal — has been shut down by the Houthi attacks. Chief executive Stuart Machin said the Red Sea trouble was "impacting everyone and something we're very focused on." For Europe, the impact is even bigger: 40% of clothes and 50% of shoes traverse the Red Sea. Norwegian fertilizer giant Yara said it was "only mildly impacted by the transit challenges in the Red Sea."

Persons: It's, Petersen, Ryan Petersen, Clifton Broumand, Broumand, it's, Tesla, Spencer, Stuart Machin, Steve Lamar, Lamar, Flexport, Katheryn Russ, Davis, Judah Levine, Freightos, Russ, Obama, Carlos Tavares, Stellantis, Jan Hoffmann, Frank Conforti, Conforti Organizations: Galaxy, Houthis Media, Getty, Machine, Hamas, Volvo, Suzuki Motor Corp, American Apparel & Footwear Association, University of California, U.S . Federal Reserve, BMW, Retailer Urban Outfitters, Free People Locations: Iran, Yemen, Anadolu, Greater Landover , Maryland, Taiwan, China, Gaza, Panama, Asia, Europe, United States, Suez, Africa, Ukraine, Belgium, Germany, British, Maryland, Los Angeles, Berlin, Swedish, Ghent, Hungary, Japan, U.S, overcapacity, Red, Israel, India

Today, remote work has declined from its levels of the pandemic but is still – depending on how broadly one measures it – three to four times as prevalent as it was in 2019. And remote work tends to be dominated by higher-educated employees, with nearly 40% of those holding advanced degrees hybrid or fully remote. In early January, LinkedIn’s Global State of Remote and Hybrid Work study found that at its peak, in April of 2022, the share of job postings that offered remote work reached 20.3%. The more enduring feature of remote work is now hybrid.”There are also substantial differences within industry and among countries. “You’re moving to where the housing is cheaper.”Not that it is all rosy when it comes to remote work.

Persons: ”, Kory Kantenga, Sandra Moran, Julia Pollak, Nick Bunker, Layla O’Kane, Lightcast, Morris Davis, Andra Ghent, Jesse Gregory, ” Goldman Sachs, Boyer, Brad Case, “ That’s, Software’s Moran Organizations: LinkedIn, Workforce Software, LinkedIn’s Global, Labor Statistics, North, “, Oxford University Press, Economic Studies, Rutgers University, Andra, University of Utah, University of Wisconsin, Ivory, Google, NASA, Middleburg Communities, Green Mountain Locations: U.S, Israel, Ghent, Real Estate, Santa Ana , California, LLC.org . New York, Huntsville , Alabama, Huntsville, Glendale , Arizona, Phoenix, Arlington , Texas, Dallas, Middleburg, San Francisco, New York, Charlotte, Raleigh , North Carolina, Orlando, Jacksonville , Florida, Houston, San Antonio , Texas, Florida, Texas, Vermont, Green Mountain State, California

☆ Buffalo Bills fans are haunted by these two words: ‘Wide right’
▼ + stars: | 2024-01-22 | by ( Ben Morse | ) edition.cnn.com time to read: +36 min

Ryan Kang/AP Buffalo Bills quarterback Josh Allen and wide receiver Trent Sherfield celebrate after a touchdown against the Miami Dolphins on Sunday, January 7. Matt Krohn/USA Today Network/Reuters New York Jets linebacker Quincy Williams grabs the jersey of Washington Commanders wide receiver Curtis Samuel on December 24. Adam Hunger/AP Indianapolis Colts wide receiver Josh Downs can't make the catch as Atlanta Falcons cornerback Clark Phillips III defends on December 24. Todd Kirkland/Getty Images Philadelphia Eagles wide receiver Olamide Zaccheaus catches a touchdown pass over Buffalo Bills safety Micah Hyde on November 26. Michael Dwyer/AP Las Vegas Raiders wide receiver Davante Adams drops a pass in the end zone on October 22.

Persons: Josh Allen, Tyler Bass, hadn’t, Bass, Bass’s, –, Jim Nantz, Josh Reynolds, Craig Reynolds, Junfu, Clyde Edwards, Helaire, Jeffrey T, Barnes, Dre Greenlaw, Emanuel Wilson, Lachlan Cunningham, Lamar Jackson, Sheldon Rankins, Patrick Smith, Jalen, Julio Aguilar, Dawson Knox, Kathryn Riley, Kirby Lee, Jahmyr Gibbs, Rey Del, Jaire Alexander, Ron Jenkins, Dak Prescott, Michael Owens, Patrick Mahomes, DeShon Elliott, Emily Curiel, Christian Harris, Ryan Kang, Trent Sherfield, —, Rich Storry, Thomas Hennessy, Brian Fluharty, Micah McFadden, Boston Scott, Adam Hunger, Bill Belichick, Belichick, David Butler II, Tayler Hawkins, Ezra Shaw, Emmanuel Forbes, Mark Schiefelbein, Tyrique Stevenson, Jeffrey Phelps, Mitchell Wilcox, Jeff Dean, Najee Harris, James Conner, Nicholas Morrow, Chris Szagola, Juan Thornhill, Nick Cammett, Wan'Dale Robinson, Jay Biggerstaff, Ifeatu Melifonwu, Matt Krohn, Quincy Williams, Curtis Samuel, Josh Downs, Clark Phillips III, Danny Karnik, George Pickens, Mark Alberti, Chamarri Conner, Charles Omenihu, Nick Bolton of, Ezekiel Elliott, Sarah Stier, Raheem Mostert, Lauren Sopourn, Desmond Ridder, Jared C, Tilton, Bradley Chubb, Zach Wilson, Sam Navarro, Tommy DeVito, Chris Graythen, Sam LaPorta, Brandon Staley, Staley, Tom Telesco, Sean M, DeAndre Hopkins, Moore, Quinn Harris, Jake Ferguson, Kelee Ringo, Sam Hodde, Jamie Squire, Kevin C, Cox, Tylan Wallace, Wallace's, David Tulis, Nick Bosa, Drew Lock, Lock, Geno Smith, Trevor Lawrence, David Rosenblum, Brock Purdy, Matt Slocum, Tim Boyle, Al Bello, Roger McCreary, Trey Sermon, Andy Lyons, Brandon Aiyuk, Eric Hartline, Courtland Sutton, Eric Christian Smith, Jamal Adams, Roger Steinman, Ian Johnson, Tyler Allgeier, Todd Kirkland, Micah Hyde, Jevon Holland, Tim Boyle's, Mary, Holland, Chris Pedota, Jerome Miron, Reuters Christian Watson, Lauren Leigh Bacho, Marquez Valdes, David Eulitt, Devon Witherspoon, Matthew Stafford, Mark J, Terrill, Joe Burrow, Aaron M, Julian Blackmon, Nathan Ray Seebeck, Reed, Joey Porter Jr, Joe Sargent, Kyler Murray, Mike Christy, Tristan Wirfs, Chris O'Meara, Austin Ekeler, Detroit's Aidan Hutchinson, Derrick Barnes, Jack Campbell, Harry, Demario Douglas, Kenny Moore II, Steve Luciano, Noah Sewell, Kirill Kudryavtsev, Joshua Dobbs, Dobbs, Kevin Sabitus, Cooper Neill, Daniel Jones grimaces, John Locher, Cole Kmet, Tyrann Mathieu, Wesley Hitt, Jaylen Warren, Tre Avery, Joe Robbins, Ja'Quan McMillian, Justin Edmonds, Will Levis, Levis, George Walker IV, Brown, Benjamin St, Juste, Alex Brandon, Zack Moss, Michael Conroy, Mahomes, Jack Dempsey, Irv Smith Jr, Talanoa Hufanga, Josie Lepe, Dalton Kincaid, Rich Barnes, Sean McDermott, Michael Dwyer, Davante Adams, Jamie Sabau, Younghoe Koo, Javonte Williams, Darnell Savage, Jonathan Taylor, Trevor Ruszkowski, Charlie Riedel, Brock Purdy scrambles, Jeremiah Owusu, Sue Ogrocki, CJ Henderson, Mostert, Lynne Sladky, Justin Fields, Dick Butkus, Butkus, Todd Rosenberg, Christian Rozeboom, Tony Ding, DeVonta Smith, Robert Spillane, David Becker, Paul Sancya, Dustin Bradford, KaVontae Turpin, Henderson, Matt Durisko, Chase, Marco Wilson, Joe Camporeale, Khalil Mack, Mack, Gregory Trott, Justin Setterfield, Brian Robinson Jr, Mitchell Leff, Damar Hamlin, Hamlin, Adrian Kraus, Evan McPherson, McPherson, Amon, Ra St, Braxton Berrios, Christian Wilkins, Rebecca Blackwell, Amari Cooper, Andrew Nelles, Evan Vucci, Taylor Swift, Travis Kelce, Swift, Alie, Tavius Robinson, Brent Skeen, Isaac Yiadom, Dan Powers, Rick Osentoski, Elijah Mitchell, Cary Edmondson, Nick Chubb grimaces, Aaron Rodgers, Michael Ainsworth, Lawrence, Sam Greenwood, Michael Wilson, Jason Pinnock, Matt York, Noah Gray, Leonard Floyd, Rodgers, Elsa, Christian McCaffrey, Justin K, Jakobi Meyers, Damarri Mathis, Ron Chenoy, Grant Delpit, Nick Wosika, JK Scott, Zay Flowers, Randy Litzinger, T.J, Watt, Matt Freed, Marv Levy, Bill Parcells, Buffalo, Jim Kelly, Scott Norwood, Bass ’, Norwood’s, Norwood, Allen, “, ” Allen, We’ve, Frank Franklin II, it’s, ”, “ I’ve, I’ve Organizations: CNN, Buffalo Bills, AFC, Buffalo, Kansas City Chiefs, Super Bowl, Kansas City’s, CBS, Detroit Lions, Lions, Tampa Bay Buccaneers, Ford Field, The Lions, USA, Network, Reuters Kansas City Chiefs, Chiefs, Highmark, Super, Baltimore Ravens, AP San Francisco 49ers, Green, Packers, The 49ers, NFC, Getty, Houston Texans, The Ravens, AFC Championship, Philadelphia Eagles, Eagles, Getty Images Buffalo Bills, Pittsburgh, Bills, Sports Detroit Lions, Los Angeles Rams, Sunday, Rey Del Rio, Green Bay Packers, Dallas Cowboys, NFL, Getty Images, Green Bay, Miami Dolphins, Dolphins, Kansas City Star, Tribune, Service, Getty Images Houston Texans, Cleveland Browns, Texans, Browns, AP Buffalo, Trent, AFC East, New York Jets, The Jets, Reuters New York Giants, Boston, Giants, New England Patriots, Reuters San Francisco 49ers, 49ers, Rams, Getty Images Dallas Cowboys, Cowboys, Chicago Bears, AP Cincinnati Bengals, Bengals, Cincinnati, Cleveland, AP Pittsburgh Steelers, Steelers, Ravens, Getty Images Arizona Cardinals, Cardinals, AP Cleveland Browns, Jets, New York Giants, AP Kansas City Chiefs, Las Vegas Raiders, AFC West, Reuters Detroit Lions, Minnesota Vikings, Reuters New York Jets, Washington, AP Indianapolis Colts, Atlanta Falcons, Falcons, Cincinnati Bengals, Getty Images Miami Dolphins, AP Atlanta Falcons, The Carolina Panthers, New Orleans Saints, Getty Images Detroit Lions, Denver Broncos, Los Angeles Chargers, Raiders, Chargers, Getty Images Tennessee, Miami, Titans, Bears, Getty Images Atlanta Falcons, UPI, San Francisco 49ers, Seattle, Seahawks, AP Jacksonville Jaguars, Jaguars, Tennessee Titans, Indianapolis Colts, Colts, Reuters Denver Broncos, Broncos, AP Dallas Cowboys, Seattle Seahawks, AP Philadelphia Eagles, Pittsburgh Steelers, AP Miami Dolphins, Network Dallas Cowboys, Reuters, Getty Images Kansas City Chiefs, Getty Images Seattle Seahawks, Buccaneers, AP Los Angeles Chargers, Detroit, Indianapolis, Football, Carolina Panthers, Getty Images Minnesota Vikings, Vikings, Stroud, AP Chicago Bears, Saints, Getty Images Pittsburgh Steelers, AP Denver Broncos, Getty Images Tennessee Titans, Patriots, AP Las Vegas Raiders, Reuters Atlanta Falcons, Getty Images Denver Broncos, Koramoah, Soldier, Pro Football Hall of Fame, Arizona Cardinals, AP Detroit Lions, AP New York Jets, Levi's, Lucas Oil, North, Reuters Los Angeles Chargers, Wembley, Tennesee Titans, Lambeau, Cleveland Browns Stadium, Reuters Buffalo Bills, Reuters Cleveland Browns, AT, TIAA Bank, Kansas, Jacksonville Jaguars, Reuters Las Vegas Raiders, Acrisure, US Bank, JK, Reuters Baltimore Ravens, Baltimore, Niners Locations: Kansas, Buffalo, Detroit, Orchard Park , New York, Santa Clara , California, Baltimore, Kansas City, New England, Getty Images Arizona, Frankfurt, Germany, AFP, Stroud, Denver, Chicago, North America, London, New, Pittsburgh, Minneapolis, Kansas City , Missouri, warmups

Josh Allen and the Buffalo Bills know the feeling all too well. But the Bills fell short of their ultimate goal Sunday night with a 27-24 loss in the divisional round — again — and against the Kansas City Chiefs — again. It was the third straight year the Bills' season ended in this round of the playoffs. Political Cartoons View All 253 ImagesTwo years ago, it was “13 Seconds” — the amount of time it took Patrick Mahomes to drive the Chiefs for a tying field goal. Tyler Bass missed a 44-yard field goal attempt with 1:43 left, and the Chiefs ran out the clock from there.

Persons: Josh Allen, Kansas City Chiefs —, they've, Patrick Mahomes, Tyler Bass, Scott Norwood, “, ” Bass, “ I’m, Sean McDermott, “ I’ve, McDermott, Andy Reid, Reid, Allen, ‘ Heck, ’ I’ve, ” Mahomes, ” Allen didn't, Bass, ” Allen, ”, Mahomes, Mitch Morse, it’s, Jonah Bronstein, Alex Brasky, ___ Organizations: Buffalo Bills, Bills, AFC, Kansas City Chiefs, Chiefs, Arrowhead, New York Giants, Buffalo Locations: ORCHARD, Buffalo, Philadelphia

☆ A career coach shares the top industries hiring Gen Z and millennials in 2024 — and where layoffs might happen
▼ + stars: | 2024-01-18 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Eliana Goldstein is a career coach for millennial and Gen Z workers. AdvertisementThis as-told-to essay is based on a conversation with Eliana Goldstein, a 35-year-old career coach from New York City. As a career and success coach who predominantly works with millennials and Gen Zers, I help people create careers that don't make them dread Monday morning . From there, we work on strategies to determine the right career path for them, then execute and land the job. Hospitality companies collect data on their guests, such as booking information and reviews, while tech companies collect data on consumer spending habits, among other things.

Persons: Eliana Goldstein, —, millennials, Gen Zers, it's, We've, It's, They're Organizations: Service, Tech, Hospitality, Employers, Technology Locations: New York City

☆ Prepping for America's Collapse: Inside an Off-the-Grid Utah Homestead
▼ + stars: | 2024-01-18 | by ( Evan Malmgren | ) www.businessinsider.com time to read: +17 min

The folks at Riverbed Ranch have answered these questions decisively, embracing a radical turn toward self-reliance and small-scale sustainability. He founded Riverbed Ranch after losing power during a winter storm. Gleason's wife, Colleen, said of Riverbed residents in a 2021 TV interview : "Most of them tend to be prepper types." AdvertisementGleason envisions Riverbed Ranch as a safe environment for families: "This is about the kids." "The American idea that we're going to go on forever is naive at best," Fisher told me.

Persons: Jesse Fisher's, Fisher, Philip Gleason, they'd, Gleason, Jesse Fisher, of Jesus Christ, Elon, Blonquist Gleason, " Gleason, Colleen, bristled, Priscilla Hart, Hart, you've, Sarah Vezzani, —, Vezzani, Lance Pope, Brittany Organizations: Apple Watch, of Jesus, dodgers, Fox News, Pew Research, Rockies Locations: Utah, Ukraine, Gaza, Idaho, Ogden , Utah, Ogden, Nebraska, America, Arizona, Santaquin , Utah

☆ China courts global elite at Davos with largest presence in years
▼ + stars: | 2024-01-18 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Participants walk in the street of the Alpine resort of Davos during the World Economic Forum. Davos, SWITZERLAND — China returned to Davos in full force this week as it attempts to thaw relations with the international community and court investment following years of Covid-19 lockdowns and rising geopolitical tensions. A delegation led by Chinese Premier Li Qiang is estimated to be the largest since 2017, when President Xi Jinping led an 80-strong cohort of Chinese business leaders and billionaires up the Swiss mountain. Li went on to meet for lunch with a host of top business leaders, including the CEOs of JPMorgan, Bank of America, Standard Chartered and Blackstone. He was joined by several other high ranking ministerial representatives including the Deputy Foreign Minister Ma Zhaoxu and Commerce Minister Wang Wentao.

Persons: Premier Li Qiang, Xi Jinping, Li, Ma Zhaoxu, Wang Wentao Organizations: Economic, Premier, JPMorgan, Bank of America, Standard Chartered, Blackstone, People's Bank of China, CNBC Locations: Davos, SWITZERLAND, China

The U.S. is in the midst of a winter wave of COVID-19. COVID-19 is not the problem it once was in the U.S. Americans have access to tests, treatments and vaccines. Here are three things to know about the current COVID-19 surge in the U.S.COVID-19 Levels in the U.S. Are ElevatedWastewater viral activity for COVID-19 is “very high” nationally, surpassing last winter’s levels, according to data from the Centers for Disease Control and Prevention. “All regions show high and increasing levels, with the highest regional levels in the South and Midwest,” the CDC reported last week. “COVID-19 surveillance data, hospital admission forecasts and growth estimates indicate that COVID-19 activity has increased and is likely to continue increasing into January,” the agency said.

Persons: it’s, ”, “, They’re, Luo Organizations: U.S, Centers for Disease Control, CDC, Department, omicron, JN Locations: U.S, South, Midwest, COVID

☆ Premarket stocks: The rich and powerful are meeting in Davos. Here’s what they’re talking about
▼ + stars: | 2024-01-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Climate catastrophes: Climate change is a hot topic as leaders meet to discuss balancing economic growth with sustainability. Davos comes just days after scientists around the globe reported that the average temperatures last year reached a new record high. The report also said that cooperation among global leaders on the issue is scarce. So while leaders will likely discuss the use of fossil fuels and green development, there may not be much agreement. Leaders gathered in Davos Sunday to discuss Ukrainian President Zelensky’s 10-point peace plan to end Russia’s war with his country.

Persons: Isaac Herzog, Volodymyr Zelensky, Emmanuel Macron, Li Qiang, Antony Blinken, Jake Sullivan, John Kerry, Satya Nadella, Sam Altman, Jamie Dimon, Brian Moynihan, Larry Fink, Donald Trump, ”, Philipp Hildebrand, CNN’s Richard Quest, ” “, ” Nicolai Tangen, CNN’s, “, Kristalina Georgieva, OpenAI’s Altman, Microsoft’s, Zelensky’s, JPMorgan’s Dimon, Herzog, Klaus Schwab, Tami Luhby, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, Nabil Ahmed, ” Ahmed, Jordan Valinsky, Comité Organizations: New, New York CNN, World Economic, National, Business, Microsoft, JPMorgan, Bank of America, BlackRock, Republican, GOP, ” BlackRock, Bank, Norges Bank, International Monetary Fund, IMF, State, Amazon, Oracle, Berkshire Hathaway, Oxfam, Workers Locations: New York, Davos, United States, Iowa, Europe, Taiwan, India, Mexico, China, Covid, Champagne, France

☆ After a rough run, North Korea could at last find itself 'sitting pretty' in the new year with both Russia and China courting it, Korea watcher says
▼ + stars: | 2024-01-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The result could be a very fortunate 2024 for North Korea, one in which Russia and China are both chasing after its attention. In that case, North Korea could be "sitting pretty," a top Korea watcher said last week. North Korea leader Kim Jong Un observes artillery fire competition in North Korea. North Korean military cadets hold a North Korean leader Kim Jong-Il's flag during a perform of the Arirang festival which is a part of commemorations marking the 60th anniversary of the Workers' Party of North Korea on October 6, 2005, in Pyongyang, North Korea. North Korea, on the other hand, has criticized, sometimes openly, China's disapproval of its testing of intercontinental ballistic missiles.

Persons: —, Donald Trump, Victor Cha, Cha, Kim Jong Un, Vladimir Putin, Kim, North, Kim Jong, SAUL LOEB, Chung Sung, there's, Xi Jinping, Xi, Donald Trump's, Trump, Putin, MIKHAIL METZEL Organizations: Service, Business, Democratic People's, Center for Strategic, International Studies, CSIS, The Capital, North, Trump, Asian Affairs, White, National Security Council, REUTERS, Metropole, Getty, White House, Putin, Korean, Workers ' Party of North, Vostochny Locations: Russia, Ukraine, North Korea, China, Korea, Democratic People's Republic of Korea, COVID, Asia, Hanoi, North, Korean, Workers ' Party of North Korea, Pyongyang, Beijing, Amur

☆ Champagne sales fizzle after hitting Covid-era record highs
▼ + stars: | 2024-01-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Champagne sales have lost some of their pop in 2023 following a few record-breaking years of sales spurred by the end of Covid-19 lockdowns. That marks nearly a return to pre-Covid levels in 2019, when 297.3 million bottles were shipped. During its peak in 2022, sales soared by 33%, when 325 million bottles were shipped. The name Champagne is exclusively reserved for wines harvested and produced by 16,200 growers on 34,300 hectares northeast of Paris. This cost France a total of roughly $2 billion in sales, a recent report said.

Persons: Comité, “, David Chatillon, LVMH Moët Hennessy, Dom Pérignon, CNN’s Anna Cooban Organizations: New, New York CNN Locations: New York, Covid, Champagne, France, Paris

IOWA CITY, Iowa (AP) — Caitlin Clark had 30 points and 11 assists, and Molly Davis added 18 points as No. Iowa (17-1, 6-0 Big Ten) extended its winning streak to 14 games while snapping the 13-game winning streak of the Hoosiers (14-2, 5-1). Clark missed her first six 3-point attempts, but opened the second quarter with back-to-back 3-pointers to give Iowa a 25-19 lead. Clark picked up her second foul with 4:49 left in the second quarter with Iowa up 28-26, and sat for 2 1/2 minutes. BIG PICTUREIndiana: The Hoosiers didn’t arrive in Iowa City until Saturday morning because of the winter storm that shut down travel through most of Iowa.

Persons: — Caitlin Clark, Molly Davis, Clark, Davis, Marshall, Kate Martin, Mackenzie Holmes, Yarden Garzon, Sydney Parrish, ___ Organizations: IOWA CITY, Iowa, Big Ten, Indiana, Hoosiers, Hawkeyes, NEXT Indiana, Minnesota, Wisconsin, AP, womens Locations: IOWA CITY , Iowa, Iowa, Indiana, Iowa City, . Iowa

☆ So long, 'sad beige.' Millennials are ready to add some personality to their homes.
▼ + stars: | 2024-01-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

During that time, Parker's living space was a prime example of the "sad beige" aesthetic, she said. For Parker, "sad beige" is the opposite. "There's nothing wrong with 'sad beige,' but I think it was just kind of the forced conformity of it." She thinks millennials initially swayed toward "sad beige" because it was the opposite of the homes they grew up in. CreativaStudio/Getty ImagesBut, according to Moszczynski, millennials also played it safe with the "sad beige" trend because they were concerned about the resale value of their homes.

Persons: —, Rachel Parker, Hayley DeRoche, Parker, Chris, Josh Jessup, Matt Moss, Jessup, Z, Moss, They've, Alice Moszczynski, millennials, Moszczynski, Josh Jessup Jessup Organizations: Service, Wall Street Journal, Business Locations: Texas, Australian, Moszczynski

REUTERS/Yves Herman/File Photo Acquire Licensing RightsDUBAI, Dec 5 (Reuters) - Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, exacerbating climate change and fuelling more destructive extreme weather, scientists said. The Global Carbon Budget report, published on Tuesday during the COP28 climate summit, said that overall CO2 emissions, which reached a record high last year, have plateaued in 2023 due to a slight drop from uses of land like deforestation. Countries are expected to emit a total 36.8 billion metric tons of CO2 from fossil fuels in 2023, a 1.1% increase from last year, the report by scientists from more than 90 institutions including the University of Exeter concluded. When land use emissions are included, global CO2 emissions are set to total 40.9 billion tons this year. China produces 31% of global fossil fuel CO2 emissions.

Persons: Yves Herman, India's, Pierre Friedlingstein, Friedlingstein, Kate Abnett, Alexander Smith Organizations: REUTERS, Rights, University of Exeter, 1.5C, IPCC, Research, Energy, Clean, European, Thomson Locations: Dunkirk, France, India, China, Paris, COP28, Helsinki, U.S, European Union, Europe

☆ Global CO2 Emissions From Fossil Fuels to Hit Record High in 2023 -Report
▼ + stars: | 2023-12-04 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +3 min

By Kate AbnettDUBAI (Reuters) - Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, exacerbating climate change and fuelling more destructive extreme weather, scientists said. The Global Carbon Budget report, published on Tuesday during the COP28 climate summit, said that overall CO2 emissions, which reached a record high last year, have plateaued in 2023 due to a slight drop from uses of land like deforestation. Countries are expected to emit a total 36.8 billion metric tons of CO2 from fossil fuels in 2023, a 1.1% increase from last year, the report by scientists from more than 90 institutions including the University of Exeter concluded. When land use emissions are included, global CO2 emissions are set to total 40.9 billion tons this year. China produces 31% of global fossil fuel CO2 emissions.

Persons: Kate Abnett DUBAI, India's, Pierre Friedlingstein, Friedlingstein, Kate Abnett, Alexander Smith Organizations: Reuters, University of Exeter, 1.5C, IPCC, Research, Energy, Clean, European Locations: India, China, Paris, COP28, Helsinki, U.S, European Union, Europe

☆ My friend is 36 years older than me. Her perspective reminds me aging is a privilege.
▼ + stars: | 2023-12-02 | by ( Faith Dwight | ) www.businessinsider.com time to read: +4 min

After yoga class we swim 500 meters down a river, and it feels almost spiritual. She's 36 years older than me; I feel lucky to have a friend who's older, wiser, and so different. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. My friend Jacquie is climbing the ladder in front of me, beads of water dripping from the ends of her silver hair. Jacquie, a farmer's daughter from Zimbabwe, had become a student of Buddhism in her early 50s after a breast-cancer diagnosis.

Persons: —, Jacquie, We've, I'd, I'm, who's Organizations: Service Locations: England, American, Zimbabwe, hysterics

☆ Return to office is 'dead,' Stanford economist says. Here’s why
▼ + stars: | 2023-11-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"Return to the office is dead," Nick Bloom, an economics professor at Stanford University and expert on the work-from-home revolution, wrote this week. The share of paid work-from-home days has been "totally flat" this year, hovering around 28%, said Bloom in an interview with CNBC. "We are three and a half years in, and we're totally stuck," Bloom said of remote work. Why remote work has had staying powerThe initial surge of remote work was spurred by Covid-19 lockdowns and stay-at-home orders. While remote work is the labor market's new normal, there's significant variety from company to company, Pollak said.

Persons: Nick Bloom, Bloom, hasn't, Julia Pollak, Pollak, it's Organizations: Stanford University, Survey, CNBC, Census, Research, Finance, Employers Locations: U.S

☆ Google, Symphony unveil AI JV to help banks manage voice calls compliance risk
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. Symphony, which counts banks like Goldman Sachs (GS.N) and JPMorgan (JPM.N) among its 1,000-strong client base, will use Google Cloud's generative artificial intelligence platform, Vertex AI, to enhance its Cloud9 voice product with more sophisticated speech-to-text and natural language processing (NLP) capabilities. Phil Moyer, VP of Google Cloud's Global AI Business, said the platform would make compliance more "ambient". So there's 180 zettabytes of data on the planet Earth right now, 90% of which has been created in the last two years." And so tools like these transformers and generative AI are really helping to manage that massive data that's being created," Moyer said.

Persons: Shannon Stapleton, Goldman Sachs, Zac Maufe, Brad Levy, Phil Moyer, Moyer, Sinead Cruise, David Evans Organizations: Google, Chelsea, REUTERS, Reuters, U.S . Securities, Exchange Commission, JPMorgan, Communications, Thomson Locations: New York City, U.S

☆ Apple iPhone maker Foxconn to invest $1.5 billion in India as it looks to build beyond China
▼ + stars: | 2023-11-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

A factory at the mobile phone plant of Rising Stars Mobile India, a unit of Foxconn in Tamil Nadu, India, on July 12, 2019. Foxconn Technology will invest more than $1.5 billion in an Indian construction project to fulfill the Apple supplier's "operational needs," the company announced in Taiwanese security filings Monday. Foxconn is a major Apple supplier and has significant operations in mainland China. Those lockdowns, alongside general geopolitical tumult, have prompted Apple suppliers such as Foxconn to reassess their concentrated presence in China. Foxconn has already announced multiple projects inside India, including a $600 million project in Karnataka state and a $500 million factory in Telangana state.

Persons: Foxconn Organizations: Stars Mobile India, Foxconn Technology, Apple, Technology, Technology India Mega Development Locations: Tamil Nadu, India, Technology India, Maharashtra, China, Karnataka, Telangana

BEIJING (AP) — A surge in respiratory illnesses across China that has drawn the attention of the World Health Organization is caused by the flu and other known pathogens and not by a novel virus, the country's health ministry said Sunday. The emergence of new flu strains or other viruses capable of triggering pandemics typically starts with undiagnosed clusters of respiratory illness. Chinese authorities earlier this month blamed the increase in respiratory diseases on the lifting of COVID-19 lockdown restrictions. Other countries also saw a jump in respiratory diseases such as RSV when pandemic restrictions ended. WHO said that there was too little information at the moment to properly assess the risk of these reported cases of respiratory illness in children.

Persons: ”, Mi Feng Organizations: BEIJING, World Health, National Health Commission, WHO Locations: China, Beijing, Wuhan

☆ Francesco Camarda becomes youngest ever Serie A player aged 15
▼ + stars: | 2023-11-26 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —Aged 15 years and 260 days old, Francesco Camarda pulled on the famous black and red striped jersey of AC Milan on Saturday, and made history as the youngest ever debutant in Serie A. The Rossoneri’s victory against Fiorentina stymied their recent drought of wins, and ensured they remained third in the league, five points behind leaders Inter Milan. I could be his grandfather,” Milan manager Stefano Pioli told Sky Sport Italia, according to ESPN. So far this season, Camarda had made nine appearances for AC Milan in the Campionato Primavera 1 TIM, Italy’s under-19 league, and scored one goal. After his history-making Serie A debut, Camarda’s teammates rushed to congratulate him, including France’s all time leading goalscorer Olivier Giroud who hailed his “rossonero little brother” on Instagram.

Persons: Francesco Camarda, Luka Jović, Wisdom Amey, “ Francesco, ” Milan, Stefano Pioli, Camarda, Camarda’s, Olivier Giroud, ” Organizations: CNN, Milan, Serie A, Luka, Fiorentina, Bologna, Sky Sport Italia, Inter Milan, ESPN, AC Milan, Primavera, Serie Locations: Instagram

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